YESBANK : AT-1 BOND COUPON DECISION PENDING, EVALUATING SUPREME COURT JUDGMENT

• Bank still examining the Supreme Court judgment on its Tier 1 (AT-1) Bonds and evaluating all available options • Bank states it retains the right to exercise coupon discretion under the AT-1 bond terms per their Information Memoranda • The 9% YBL AT-1 Bonds had a coupon payment date of 18 October 2026, per Information Memorandum dated October 17, 2017 • Bondholders have been querying coupon payment; decision on coupon discretion only after evaluation is completed • Bank assures day-to-day operations and customer services continue seamlessly across branches and digital channels Impact: Neutral (Coupon outcome on AT-1 bonds still unresolved, keeping a liability and sentiment overhang until the bank communicates its decision)

Yes Bank Ltd

Open attachment

← Back to feed